Night Trading
- Asian equity indices are -2.25% to -1.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 71.75 +4.5 basis points.
- China Sovereign CDS 56.25 +1.75 basis points.
- Bloomberg Emerging Markets Currency Index 65.95 -.06%.
- S&P 500 futures -1.59%.
- NASDAQ 100 futures -1.77%.
Earnings of Note
Company/Estimate
Before the Open:
- (AGN)/4.34
- (BDX)/3.06
- (DF)/-.17
- (DISCA)/.99
- (DUK)/.98
- (EMR)/.94
- (ENR)/.46
- (EXPD)/.81
- (JLL)/2.33
- (MOS)/.29
- (PBI)/.17
- (REGN)/5.42
- (SAGE)/-3.35
- (ZTS)/.82
After the Close:
- (ANDE)/.62
- (HTZ)/.50
- (MTCH)/.43
- (MCHP)/1.38
- (PZZA)/.30
- (DIS)/1.74
- (WYNN)/1.39
Economic Releases
10:00 am EST
- JOLTS Job Openings for June is estimated to rise to 7326 versus 7323 in May.
Upcoming Splits
- None of note
Other Potential Market Movers
- The German Factory Orders report, $38B 3Y T-Note auction, weekly US retail sales reports, UBS Financial Services Conference, Oppenheimer Tech/Internet/Communications Conference, Jefferies Industrials Conference, Canaccord Growth Conference and the (ORLY) analyst day could also impact trading today.
BOTTOM LINE:
Asian indices are sharply lower, weighed down by commodity and
technology shares in the region. I expect US stocks to open sharply
lower and to maintain losses into the afternoon. The Portfolio is 25%
net long heading into the day.
No comments:
Post a Comment